Sunrise brief: Solar investment tax credit to be extended 10 years at 30%, per Inflation Reduction Act
Also on the rise: As Texans are asked to cut energy use amidst a heat wave, solar and batteries step up. Intersect Power places order for 2.4 GW of First Solar modules. And more.
Solar investment tax credit to be extended 10 years at 30%
As written in the Inflation Reduction Act of 2022, the tax credit will begin at 30% and step down to 26% in 2033 and 22% in 2034.
White House announces framework for its Build Back Better agenda
The framework includes a 10-year expanded tax credit for utility-scale and residential clean energy, transmission and storage, clean passenger and commercial vehicles, and clean energy manufacturing.
House panel offers details on solar benefits in $3.5t budget bill
If passed later this year, the bill as currently drafted would extend the full ITC for 10 years before phasing it down between 2032 and 2033.
Sunrise brief: Solar developers beware! Congress could revoke a key tax credit
Also on the rise: National Grid and NYSERDA challenge New York community solar program, Canadian Solar sells a stake in an energy storage project, and here’s how you can help bring emergency solar to New Orleans.
Solar developers beware: Congress could revoke a key tax credit provision
An otherwise pro-renewables bill in Congress would repeal a key policy that has underpinned large-scale solar development. Up to now, few solar developers have been aware of this wolf in sheep’s clothing.
Solar highlights in the Senate’s $3.5 trillion budget proposal
The budget bill aims to fight climate change with investments in clean electricity and home electrification, to be funded by higher taxes on corporations.
Sunrise brief: Bill would expand ITC to include integrated solar roofs
Also on the rise: A report names groups that are anti-solar and reveals their strategies, Illinois limits HOA power over rooftop solar, and SunPower added 13,000 customers in Q2 as it looks for big growth to close the second half.
Bill would expand the ITC to include integrated solar roofs
The RAISE the Roof Act would allow the entirety of an integrated solar roof to be covered by the investment tax credit.
Sunrise brief: An energy tax credit that wins the support of the fossil fuel industry and environmentalists?
Also on the rise: A startup invents a breakthrough battery electrolyte, renewables generated a record amount of electricity in 2020, a 250 MW solar project is proposed in Wyoming, and more.
